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1992 (8) TMI 297 - COMPANY LAW BOARD EASTERN REGION BENCH SPECIAL BENCHExtract: .......from the date of receipt of the offer from the company, failing which the directors shall be free to allot shares in any manner they like. 39. In the result, the petition is allowed with the observations above mentioned and the company shall make necessary rectification in the register of members accordingly. 40. There will be no order as to costs.
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